GigOptix (GIG) : Analyst Rating Update

GigOptix (GIG) : The consensus on GigOptix (GIG) based on 9 analyst recommendation on the company stock is 1.22, which is interpreted as a Strong Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 7 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 2 analyst believes that the stock is a Buy, which can produce decent returns in the future.

GigOptix (GIG) : The highest level GigOptix (GIG) is projected to reach is $6 for the short term and the lowest estimate is at $3. The consolidated price target from 9 rating analysts who initiate coverage on the stock is $4.05 and the possibility the share price can swing is $0.91.

GigOptix (NYSEMKT:GIG): The stock opened at $1.92 on Wednesday but the bulls could not build on the opening and the stock topped out at $1.95 for the day. The stock traded down to $1.90 during the day, due to lack of any buying support eventually closed down at $1.91 with a loss of -1.55% for the day. The stock had closed at $1.94 on the previous day. The total traded volume was 269,949 shares.

Also, Raymond James initiates coverage on GigOptix (NYSEMKT:GIG).The analysts at the brokerage house have a current rating of Outperform on the shares. In a recent information released to the investors, Raymond James announces the price target of $3.5 per share. The rating by the firm was issued on June 16, 2016. The company shares have rallied 16.87% from its 1 Year high price. On Feb 2, 2016, the shares registered one year high at $3.42 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $2.38 and the 200 Day Moving Average price is recorded at $2.60.

GigOptix, Inc. (GigOptix) is a fabless supplier of semiconductor and optical components that enable high-speed end-to-end information streaming over the network and address emerging high-growth opportunities in the communications, industrial, defense and avionics industries. The business is made up of two product lines: the High-Speed Communications (HSC) product line and the Industrial product line. The Company offers an array of high performance MMIC solutions that enable next generation wireless microwave systems up to 90GHz and drivers, TIAs and TFPS optical modulators for 40G and 100G fiber-optic telecommunications and data-communications networks. It also offers a wide range of digital and mixed-signal ASIC solutions.

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